1)
E
4221
73
3.
299
its development failing of success. Clause R1 is designed to provide for a Provident Purchase Scheme which the Promoter is anxious to establish.
Mr. Ede has accepted the scheme, and I enclose copies of correspondence with him, which resulted in the settle- -ment now arrived at. I understand that Mr. Ede sent a copy of his letter of the 19th. November to you so that it is unnecessary for
Z
me to trouble you with matters which have now been satisfactorily settled. You will observe that in a postscript to the letter of the 28th. February I caused Mr. Ede to be informed of your decision as regards compensation for tenants improvements at the expiration of leases.
4.
I trust that you will be able to approve of the scheme as revised. It is more favourable to the tax-payers of this Colony than the original scheme, which in view of the condition which proved unacceptable was sketched on more generous lines.
5.
A
I have no objection to the usual rule of sale by auction being relaxed in this case. But I would suggest that it is waived the conditions under which the land is to be alienated should be laid before the Legislative Council before any Lease of the area is definitely promised to Mr. Ede.
I have the honour to be,
Sir,
Your Lost obedient, humble servant,
Homay
Governor, &c..